ETH has successfully broken through the $3800 mark, and there is a high probability of hitting $4000 tonight.
From the current market perspective, this target is not out of reach, but attention must be paid to several key variables.
On the positive side, the continuous inflow of institutional funds and net inflow into ETF products have formed strong support. After successfully stabilizing above the previous resistance level of $3800, the market's focus has shifted to the $4000 round number. Technically, if it can effectively break through the short-term resistance near $3900, it is very likely to trigger a short covering wave, coupled with the current strong bullish sentiment in the market, which may lead to further price increases.
In addition, important economic data to be released tonight could also become a key driver. If the data shows significant positive results, it will provide stronger momentum for ETH to challenge the $4000 mark.
Overall, the probability of ETH reaching $4000 tonight is high; even if it fails to break through in the short term, the subsequent upward trend remains clear, and a short-selling strategy is not advisable in the current environment.
The team still has positions; we will never let our fans get wrecked! Hurry and get on board!
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